Strike Founder Jack Mallers to Lead Tether-Backed Bitcoin Buying Firm Twenty One

Odaily News According to an announcement released on Wednesday, Strike founder Jack Mallers will join the newly formed cryptocurrency joint venture Twenty One Capital as its CEO. The company's sole purpose is to "maximize its holdings of Bitcoin." It currently holds 42,000 Bitcoins on its balance sheet. It is reported that the company is supported by stablecoin issuer Tether, Softbank Group and Wall Street investment bank Cantor Fitzgerald. The company's articles of association clearly stipulate that it will only focus on the accumulation of Bitcoin assets. The huge initial holdings are equivalent to 0.2% of the current Bitcoin circulation, ranking among the top five Bitcoin holdings of listed companies worldwide. Industry insiders believe that after MicroStrategy, another "All in Bitcoin" listed company has appeared with the joint endorsement of three major institutions, which shows that traditional capital has increased its recognition of Bitcoin assets, which may trigger a new round of competition for Bitcoin holdings among listed companies.